Trump Faces Hostile Panel at National Association of Black Journalists

Elias Irizarry
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Trump Faces Hostile Panel at National Association of Black Journalists

(Elias Irizarry, Headline USA) Former President Donald Trump clashed with a hostile interviewer during a tense 40-minute discussion at the National Association of Black Journalists’ annual convention in Chicago on Wednesday.

Trump took part in the panel—moderated by Fox News’s Harris Faulkner, ABC News’s Rachel Scott and Semafor’s Kadia Goba—to address “the most pressing issues facing the Black community,” according to a press release from the Trump campaign.

However, the interview started more than 30 minutes late and was littered with equipment and technology errors, which Trump himself was quick to note, warding off accusations that he was late out of disregard for the audience.

Scott further goaded the former president with her first question, claiming to address “the elephant in the room” with a strawman attack on Trump that presumed to speak for black voters everywhere.

“A lot of people did not think it was appropriate for you to be here today,” she said.

“You have pushed false claims on your rivals … saying they were not born in the United States,” she continued. “… You have used words like animal and rabbit to describe black district attorneys. … You have attacked black journalists calling them losers. … You have had dinner with a white supremacist. Why should black voters trust you after you have used language like that?”

The tone of the question led Trump to fire back at Scott for her poor hospitality.

“Well, first of all, I don’t think I’ve ever been asked a question in such a horrible manner,” he said. “I think it’s a very rude introduction; I don’t know exactly why you would do something like that.”

Trump touted his accomplishments for the African–American community and mentioned his work with creating opportunity zones Sen. Tim Scott, R-S.C., as well as lowering Black unemployment and securing long-term funding for Historically Black Colleges and Universities.

Trump then accused the organization of inviting him under “false pretenses,” telling him that his opponent would be participating, as well as telling him that he wasn’t allowed to participate over Zoom, but then allowing Vice President Kamala Harris to do so.

“For you to start an answering and question period, especially when you’re 35 minutes late because you couldn’t get your equipment to work, in such a hostile manner—I think it’s a disgrace,” said Trump.

Scott then followed up, and asked the former President if labeling Harris “a DEI hire” was acceptable language, and if he would tell people to stop doing so.

Trump responded by asking her to define “DEI.”

Scott elaborated by asking if Trump believed that Harris was on the ticket only because she’s a black woman.

“I’ve known her a long time, indirectly, and she was always of Indian heritage and only promoting Indian heritage,” said Trump—who even donated $6,000 to one of Harris’s campaigns for attorney general in California.

“I didn’t know she was black, until a couple of years ago when she happened to turn black,” he continued. “So, I don’t know—is she Indian or black?”

Fox News’s Faulkner attempted to calm things down by cutting into the combative exchange with a question about how divided the country is politically along lines of gender and race.

“In this moment, where we are, why come here? What is your message today?” Faulkner asked.

“My message is to stop people from invading our country that are taking … black jobs,” Trump responded.

“What exactly is a black job, sir?” asked one of the journalists.

“Anybody that has a job,” responded Trump. “The black population is affected most by that, and Kamala is allowing it to happen, and she’s the border czar—she’s the worst border czar in the world.”

Trump proceeded to hammer his newly anointed presidential rival on her record of absenteeism during the Biden administration.

“She’s done a horrible job,” he said.

“These people are coming into our country, and they’re taking black jobs, they’re taking Hispanic jobs, and, frankly, they’re taking union jobs,” he continued. “Many of these people are coming from jails, they’re coming from mental institutions.”

Goba, of Semafor, asked Trump about his view of the shooting of Sonya Massey, who was shot and killed by police in her own home for holding a bowl of hot water.

“You’ve said police would get immunity from prosecution if you win,” she began, referring to the former president’s push to grant greater immunity to law-enforcement officers in the performance of their duties.

“Why should someone like that officer have immunity?” asked Goba.

“We need to give our police officers their respect and dignity back,” responded Trump. “In this case, I saw something that didn’t look good to me.”

Trump noted that there was no perfect solution when it came to allegations of police shootings and brutality since some might be done for the wrong reasons.

However, many officers were trying to use their best judgment under intense circumstances to ensure their safety and that of fellow officers and citizens.

“You go after someone and it’s a very close call, and it’s very dangerous,” Trump said.

“A policeman’s, or woman’s, life is a very difficult thing, because sometimes you have less than a second to make a life or death decision, and sometimes very bad decisions are made,” he continued. “They’re not made from an evil standpoint, but they’re made from the standpoint [that] they made a mistake.”

The panel asked Trump a variety of questions including his stance on Jan. 6 defendants, whom he defended and said he would pardon if re-elected.

He also noted the hypocritical double standard between how “Save America” rallygoers had been treated for simply entering a public building in comparison with pro-Hamas supporters who recently vandalized nearby Union Station.

“You have people from Minneapolis—you have people, just five days in Washington D.C., they were having fist fights and fighting with the police,” Trump said.

“They were spraying and destroying, they were desecrating our monuments in Washington D.C., five days ago, and nothing happened to them,” he continued. “You can’t have two systems of justice.”

The announcement by the NABJ to invite Trump to attend sparked immediate controversy within the organization.

Co-chair Karen Attiah, a journalist with the Washington Post, announced her separation from the organization in the aftermath of the controversy, wishing the “best of luck” to the journalists interviewing Trump.

Many applauded Trump’s decision to participate in the panel and answer questions—even in the face of a hostile environment—and noted Harris’s failure to attend the event.

“President Trump has continually said that unlike Kamala Harris and Joe Biden, he’s running to be President for ALL Americans,” stated a follow-up press release from Trump’s campaign. “If you’re running to unite the entire Country, you have to back it up with action like President Trump did today at the National Association of Black Journalists conference in Chicago.”

Follow Elias Irizarry at twitter.com/eliasforsc.

DNC ‘Compliance Manager’ Admits Kamala Harris Is ‘Weirdly Unpopular’

Dmytro "Henry" Aleksandrov
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DNC ‘Compliance Manager’ Admits Kamala Harris Is ‘Weirdly Unpopular’

(Dmytro “Henry” Aleksandrov, Headline USA) James O’Keefe of the O’Keefe Media Group released a new video from a hidden camera on July 30, 2024, in which Democratic National Committee compliance manager Joyce DeCerce admitted that he did not believe Kamala Harris — the current establishment’s pick and the Democratic Party’s new de facto nominee — could win the 2024 presidential election. 

DeCerce told the undercover journalist that Harris was “weirdly unpopular” and had no real “accomplishments” even after serving three years in the Biden administration.

“I don’t think Kamala Harris would win this year,” he said, suggesting that Harris is unpopular among Democratic voters because she never achieved anything while working for Joe Biden.

DeCerce, who said that his job was to report how much money the DNC took in via donations and then report on how that money was spent, also noted that the DNC’s engagement with donors is just a big facade since they were just listening to potential donors explain what they would like to see from the party or the campaign and then telling them exactly “what they want to hear.”

“You just put on a performance for them, a little show, right?” he said, adding that he thought some donors stopped giving away their money after they realized the campaign was floundering.

He also said that many of the attacks against Harris were “a bunch of racist, sexist bulls***.”

“It’s the stuff you wouldn’t say about a man. People call her ditsy,” he said.

O’Keefe also showed an earlier video featuring Charlie Kraiger, Cybersecurity Policy Analyst and Foreign Affairs Executive Office of the President, who worried in January 2024 that Harris was dragging the Biden reelection campaign down.

“[Harris is not popular], but you can’t remove the first black lady to be Vice President from the god**** presidential ticket … She can’t keep black staff. They quit on her en masse,” he said.

CNN Panelist Calls Out Leftist Media for Cheerleading Kamala Harris

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CNN Panelist Calls Out Leftist Media for Cheerleading Kamala Harris

(Headline USA) A CNN panelist called out the network and the rest of the leftist media this week for cheerleading Vice President Kamala Harris’s ascension to the top of the Democratic ticket, Fox News reported.

“There was a brief moment for about three weeks, between the presidential debate and between when Biden stepped out of the race, when actually a lot of the media was doing its job, it was holding powerful people’s feet to the fire,” Manhattan Institute president Reihan Salam said on Monday. “It was asking tough questions.”

The conservative think-tank head was referring to the media’s increased focus on President Joe Biden’s mental acuity following the 81-year-old’s abysmal debate performance against former President Donald Trump.

“There are a lot of folks who were really embarrassed by not having been applying more scrutiny” Salam continued. “And now what you see, is a total suspension of that scrutiny.”

Harris’s presidential campaign was met with celebration by networks such as CNN and MSNBC, which immediately adopted her campaign surrogates’ messaging, especially in regards to vice presidential candidate JD Vance.

Salam argued the media was doing the public a disservice by attempting to cover up Harris’s long track record of failure and controversy.

“I think a lot of people want to see the media doing its job,” he said.

“Let’s ask serious questions about Kamala Harris‘s record,” he continued. “Let’s ask about the quite stridently left-wing positions she was taking as recently as 2020: Has she really changed her mind? What exactly has she been doing in the White House?”

CNN host Abby Phillip pushed back, claiming the media has already asked Harris tough questions about her policy positions. 

However, Salam pointed out that very few in the media have been asking those same questions now that Harris is the presumptive Democratic presidential nominee.

“There are a lot of others who I think, frankly, feel a sense of animal spirits and excitement,” he said.

“Biden’s out of the race, now you have someone who is generationally closer, ideologically closer to them,” he added. “And so there are a lot of folks who I think are really rooting for her.”

Inspector General Accuses DHS of Suppressing Report on Secret Service’s Jan. 6 Failures

Ken Silva
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Inspector General Accuses DHS of Suppressing Report on Secret Service’s Jan. 6 Failures

(Ken Silva, Headline USA) DHS Inspector General Joseph Cuffari has accused the agency’s leadership of suppressing a damning report that’s expected to reveal the Secret Service’s security failures related to the Jan. 6, 2021, Capitol Hill uprising.

Highly anticipated by conservatives and Trump supporters, the forthcoming DHS IG report is expected to shed light on how incoming Vice President Kamala Harris walked past a pipe bomb to get into the Democratic National Committee, and how people with guns were able to get close to the Capitol. The Secret Service is housed within the DHS.

According to investigative reporter Julie Kelly, the report—entitled USSS Preparation for and Response to the Events of January 6, 2021—has been sitting on Homeland Security Secretary Alejandro Mayorkas’s desk since at least April.

However, DHS leaders have pushed back against Cuffari’s accusations that they’re suppressing his report, according to a June 25 letter from DHS counsel Jonathan Meyer, which was reportedly reviewed by POLITICO.

“In the letter to Cuffari, Meyer wrote that the DHS watchdog ‘misread’ their intentions,” POLITICO reported Wednesday.

“The department does not want to withhold the entire report from Congress but does intend to redact ‘security sensitive’ information that might reveal aspects of the Secret Service’s operations, Meyer wrote.”

An unnamed DHS official told POLITICO that the inspector general has exclusive authority to determine when to release a report to Congress. Any redactions would be a collaborative effort between the watchdog and department officials, the official reportedly said.

Rep. Barry Loudermilk, chairman of a House subcommittee tasked with a separate investigation into Jan. 6 as well as the now-defunct J6 committee, has also reportedly accused Mayorkas of intentionally holding the release of the report

Loudermilk reportedly said in a recent letter that “the failure to provide an in-depth review of the department’s security planning and operational failures related to January 6 not only raises concerns about the department’s botched planning for former president Trump’s rally in Pennsylvania on July 13, 2024, but it is quite possible that such reports could have prevented the security breakdown that resulted in the near assassination of a former president and presidential candidate.”

Ken Silva is a staff writer at Headline USA. Follow him at twitter.com/jd_cashless.

‘Women for Kamala’ Prominently Features Tranny Ex-Male Activist w/ Antifa Ties

Jacob Bruns
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‘Women for Kamala’ Prominently Features Tranny Ex-Male Activist w/ Antifa Ties

(Jacob Bruns, Headline USA) A recent “Women for Harris” campaign Zoom call featured a transgender activist with known connections to the violent extremist group Antifa.

Post Millennial editor and journalist Andy Ngo called attention to activist Charlotte Clymer’s questionable past Tuesday in a post on X.

Ngo posted a video and several photos of the video conference participant, noting that Clymer was previously known as Charles.

Formerly a feminist activist, Clymer was booted from several roles after being accused of having an abusive attitude toward women.

Clymer now works for a trans advocacy group and appears to have connections with elites on the Left.

In a follow-up tweet, Ngo noted that Clymer “has a long history of leveraging his Democrat Party connections to bully people.”

The former male allegedly used that status to help instigate a protest aimed at destroying the Cuba Libre restaurant in Washington, D.C., after owners demanded that only women use the women’s restroom. The restaurant was ultimately fined $7,000 and forced to comply.

Clymer’s activism has earned the respect of several notable people—including former first daughter Chelsea Clinton, who recently called attention to Clymer’s “grace” and “bravery” which “shine through.”

Clymer followed up on the “Women for Kamala” night with a lengthy Substack post on the publication titled “Charlotte’s Web.”

According to the activist, the women involved were so emotional about Vice President Kamala Harris’s candidacy that they began to weep.

“It was a bad night for mascara and a great night for democracy,” Clymer claimed.

The post includes a transcript of Clymer’s own remarks from the Zoom call, during which the activist claimed that “Donald Trump and J.D. Vance … want to place me in a specific box” in contrast with Harris, who “has common sense and believes no American, no human being, belongs in a box.”

At the climax of the speech, Clymer noted that “I love how I look. I know I’m beautiful.”

Clymer appeared to be using a “heavily filtered image,” noted Ngo.

Fed’s First Interest-Rate Cut in 4 Years Likely on Horizon as Election Day Approaches

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Fed’s First Interest-Rate Cut in 4 Years Likely on Horizon as Election Day Approaches

(Headline USA) With the end of their two-year fight against inflation in sight, Federal Reserve officials were likely Wednesday to set the stage for the first cut to their key interest rate in four years—a major shift in policy that could eventually lower borrowing costs for U.S. consumers and businesses.

The move may also be a boon for the ascendant Kamala Harris campaign, which has had little difficulty memory-holing the past three years of the Biden administration with a major assist from mainstream media, dark-money billionaires and suppression pollsters.

Harris has quickly shed her status as the least-popular vice president in modern history, and a strategically timed economic jolt could help her clinch the deal in the November election.

After pushing double digits early in Biden’s presidency, inflation—or the rate at which the dollar loses its value—has been creeping closer to the Fed’s 2% target for the past several months.

On Friday, the government said that yearly inflation fell to 2.5% in July, according to the Fed’s preferred inflation measure. That is down from 2.6% the previous month and the lowest since February 2021, when inflation was just starting to accelerate.

A flood of extra oil from Middle Eastern countries—or the last residuals of the national emergency reserves—might also help drive down prices, mitigating the cost-of-living increase that persists even when inflation slows.

Meanwhile, the job market (which was driven largely by the Biden administration’s open-border policies) has cooled, with the unemployment rate rising about a half-point this year to 4.1%. In terms of tackling the inflation problem, that is good news, signaling a likely reduction in spending and cash liquidity.

Fed officials have said that they are seeking to balance the need to keep rates high enough to control inflation without keeping them too high for too long and causing a recession.

Rate cuts—as early as September—could help the Fed achieve a “soft landing,” in which high inflation is defeated without an economic downturn.

“While I don’t believe we have reached our final destination, I do believe we are getting closer to the time when a cut in the policy rate is warranted,” Christopher Waller, a member of the Fed’s governing board, said earlier this month.

Financial market traders have priced in 100% odds that the central bank will reduce its benchmark rate at its Sept. 17-18 meeting, according to futures markets, so Fed Chair Jerome Powell does not need to provide further guidance to markets Wednesday about the timing of a cut, economists say.

Instead, Powell will have more opportunities in the coming months to illustrate how the Fed is thinking about inflation and interest rates, particularly in his speech in late August at the annual Fed conference in Jackson Hole, Wyoming.

As a result, he may not provide much of a hint Wednesday regarding how quickly the Fed will cut rates after it starts doing so. Economists expect relatively gradual cuts, unless there is evidence the job market is faltering, which would spur the Fed to move faster.

Even so, the Fed could alter several parts of the statement it releases after each meeting to lay the groundwork for a cut in September.

In the statement it released after its June meeting, for example, Fed officials said, “In recent months, there has been modest further progress toward the [Fed’s] 2% inflation objective.”

On Wednesday, the Fed could drop “modest” or alter it in some other way to underscore that additional progress on inflation has been achieved.

One encouraging sign for the Fed is that rental prices, a key driver of broader inflation, have started to noticeably cool, as new apartment buildings have been completed in many large cities.

The government’s rental inflation measures have been rising faster than usual, even as rapid apartment building has slowed cost increases for new leases.

Car insurance, which soared more than 20% earlier this year from a year ago, as insurance companies charged more to reflect the pandemic-era spike in new-car prices, have also started to rise more slowly.

Powell has long said the Fed was seeking “greater confidence” that inflation was falling back to the Fed’s 2% target. Earlier this month—even before the latest inflation readings—he said that recent inflation data did “ add somewhat to confidence ” that it is cooling.

Powell and other Fed officials have also worried that strong job growth and rapidly rising paychecks would potentially fuel inflation, as some companies would likely raise prices to offset the higher labor costs.

But hiring and wage growth have slowed in recent months, and Powell this month acknowledged the job market is “not a source of broad inflationary pressures for the economy.”

On Wednesday, the government released a quarterly measure of wage growth, which showed that paychecks are not growing as fast as three months ago, adding to evidence that inflationary pressures have eased.

Adapted from reporting by the Associated Press

Kamala’s Planned Tour of Battleground States May Offer Hints about Running Mate

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Kamala’s Planned Tour of Battleground States May Offer Hints about Running Mate

(Headline USA) Vice President Kamala Harris is set to launch a battleground tour next week with her yet-to-be-named running mate, with stops in seven swing states stretching from Pennsylvania to Nevada, her campaign said Tuesday.

With precious little time to spare, the campaign’s announcement may have given some indication as to whom she is likely to select—and whom she may have ruled out.

With the announcement due to take place in Philadelphia, many speculated that Pennsylvania Gov. Josh Shapiro now had the inside track.

Shapiro’s addition to the ticket would solve at least two problems for Harris: Although a recent poll by Bloomberg (the company bearing the name of one of Democrats’ top donors) showed her overtaking GOP nominee Donald Trump in key battleground states—including Michigan, Wisconsin, Arizona and Nevada—Pennsylvania notably still remained in Trump’s column, albeit with a narrower margin.

Shapiro, who is Jewish, also would help Harris to reclaim the support of those who may have been put off by her apparent support for Hamas in its conflict with Israel.

While Harris is married to a Jewish man, Doug Emhoff, reports suggest that the couple rarely spends time together, with Emhoff opting to reside mostly in California.

The timing of Harris’s announcement also supported the assumption that she would pick a governor, according to Axios.

“The Harris campaign is pressing Wall Street donors to cut their checks as soon as possible, citing a financial rule that bars contributions to tickets featuring a sitting governor,” it reported.

That essentially rules out Sen. Mark Kelly, D-Ariz., who was reported to be the favored choice of former President Barack Obama.

In addition to a recent scandal involving a company that manufactures Chinese spy balloons, Kelly’s open seat could potentially create a problem for Democrats in a Senate cycle where they already faced strong odds of losing the majority.

Harris said Tuesday she hadn’t made a decision yet on whom she would select. Her campaign has been vetting about a dozen potential running mates, according to people familiar with the search process.

To that end, Shapiro campaigned on her behalf in suburban Philadelphia this week.

Kentucky Gov. Andy Beshear, likewise, told voters in Georgia that Harris has the makings of “a great president”—and then highlighted the elections he’s won as a Democrat in Republican territory.

Beshear’s “centrist” reputation might help assuage voters put off by Harris’s track record as having been one of the most radical leftists in the U.S. Senate, even before joining the Biden administration, where the few contributions she has made have been fiascos.

Nonetheless, having a centrist vice president with a Republican congress could pose a distinct risk for Harris if she were to be elected, making the possibility of impeachment more enticing.

He sought to reassure rallygoers that he could be just as radical in the policies he supported.

“I am a proud pro-union governor. I am a proud pro-choice governor. I am a proud public education governor. I am a proud pro-diversity governor,” Beshear said.

The campaign said Harris and her running mate would make stops next week in Philadelphia; western Wisconsin; Detroit; Raleigh, North Carolina; Savannah, Georgia; Phoenix and Las Vegas.

In the meantime, Harris advisers, led by former Attorney General Eric Holder, have been combing through reams of paperwork submitted by potential running mates, while the candidate herself is holding personal conversations with the finalists, according to a person familiar with the matter who spoke on the condition of anonymity to discuss details that haven’t been made public.

Harris, according to another person familiar with the matter, is seeking someone with executive experience who can also serve as a governing partner.

Notions of a so-called short list have not stopped those on the Democrats’ broader national bench from finding the spotlight.

“I’m not going to talk about the interactions I’ve had with the campaign,” Illinois Gov. J.B. Pritzker declared recently on MSNBC. He added, though, “Let’s just say I’m aware that the vetting process is quite an in-depth one.”

Then he listed his accomplishments, offering that he was the only Midwestern governor to raise his state minimum wage to $15 per hour.

Pritzker, a wealthy scion of the family that owns the Hyatt hotel chain and several other investments, may have been one of the key factors in helping Obama rise to fame from his start as a little-known state legislator in Illinois.

Minnesota Gov. Tim Walz, 60, is a favorite of some far-left progressives—including unhinged Hollywood actor John Cusack, who warned that anyone more moderate would “kill the youth vote.”

Walz was one of the last white Democrats in Congress to represent a mostly rural, small-town House district—a notable juxtaposition to Harris, the Bay Area Californian.

“She will make the best choice she’s going to,” Walz said Sunday on CNN, a day after Trump held a mass rally in St. Cloud, Minnesota. “One way or another, she is going to win in November, and that’s going to benefit everyone,” Walz said, including “a lot of those folks who were out in St. Cloud…”

While Harris considers her choices, everyone seems to have an opinion.

Steven Benjamin, the White House director of public engagement, laughed as he told reporters on Air Force One on Monday that his office has received thousands of recommendations from around the country.

Donna Brazile, who managed Democrat Al Gore’s presidential campaign in 2000 and was instrumental in urging Biden to pick Harris in 2020, said the selection process involves “a lot of noise” that underplays the complexity of the decision.

“The most important stage is what the lawyers will do to you,” she said, with a laugh and emphasizing the seriousness.

“It’s worse than a dental hygiene check,” she added. “… Before you get to suitability and other factors, before it gets to political people like me, they’ve done a forensic examination of your life.”

Adapted from reporting by the Associated Press

Money Metals Midweek Memo: Market Insights and Economic Commentary

Money Metals News Service
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Money Metals Midweek Memo: Market Insights and Economic Commentary

(Money Metals News Service) In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey offers an in-depth look at the economy, emphasizing the importance of understanding the underlying factors that drive market trends and economic conditions.

Maharrey draws an analogy to football, suggesting that just as casual fans may miss crucial plays by only following the ball, investors often overlook significant economic indicators by focusing solely on mainstream financial news.

Federal Reserve’s Influence and Market Reactions

Federal Reserve's Influence and Market Reactions

The podcast highlights the current fixation on the Federal Reserve’s interest rate decisions. With the Federal Open Market Committee (FOMC) meeting in July, speculation about potential rate cuts has captured the market’s attention. Maharrey predicts that gold and silver prices will likely rise if the Fed signals a rate cut, while a selloff could occur if expectations are tempered.

Maharrey argues that the economy’s dependency on easy money policies is evident. He points out that the market’s desperate need for rate cuts is a clear indication of underlying weaknesses, particularly the inability of a debt-ridden economy to sustain higher interest rates.

The Growing National Debt Crisis

The Growing National Debt Crisis

A significant portion of the podcast is dedicated to discussing the alarming growth of the national debt, which recently surpassed $35 trillion. Maharrey emphasizes the rapid increase in debt under the Biden administration, noting that it took just seven months to add another $1 trillion. This unsustainable spending is a bipartisan issue, with both parties prioritizing vote-buying over fiscal responsibility.

“Uncle Sam is blowing through about half a trillion dollars every single month. This is a spending problem,” Maharrey asserts, highlighting the severity of the fiscal situation.

Interest Rates and Government Spending

Maharrey highlights the impact of rising interest rates on the national debt. In June alone, the federal government spent $14.2 billion on interest payments, accounting for 30% of the month’s total tax receipts. This trend is unsustainable, with interest expenses on track to exceed $1 trillion for the fiscal year.

Consumer and Corporate Debt

Beyond government debt, Maharrey sheds light on the broader debt problem within the economy. Consumer debt, particularly credit card debt, has reached record levels, with interest rates exceeding 28%. Additionally, corporate debt is causing an increase in bankruptcies, further indicating economic instability.

The Federal Reserve’s Balance Sheet and Monetary Policy

The Federal Reserve's Balance Sheet and Monetary Policy

While the mainstream media focuses on interest rates, Maharrey argues that the Federal Reserve’s balance sheet is a more critical indicator of monetary policy. He explains that the Fed has quietly tapered its balance sheet reduction, effectively signaling an end to its inflation fight. This shift indicates a return to loose monetary policies, which could lead to more inflation in the future.

“Interest rates are a sideshow in the FED drama… balance sheet reduction as far as Fox Business or CNBC is concerned, that’s the sideshow,” Maharrey explains, emphasizing the importance of paying attention to the Fed’s balance sheet.

Michael Pento’s Analogy on the Economy

Michael Pento's Analogy on the Economy

Maharrey references an interview with Michael Pento, the founder of Pento Portfolio Strategies, who provided a compelling analogy for the current economic situation. Pento likened the economy to a car running on fumes:

“The economy is running on the fumes of all of the monetary fuel that was pumped into the economy during the pandemic years and then even going back to the aftermath of the 2008 financial crisis,” Maharrey quotes Pento. He adds, “It’s like a car right; it’s running down the highway running on gas fumes and there’s no exit ramps.”

Historical Context and Future Predictions

Maharrey provides a historical overview of the Federal Reserve’s monetary policies, from the 2008 financial crisis to the pandemic-era quantitative easing. He suggests that the Fed’s current actions are reminiscent of past policies that have led to economic instability. The likelihood of a significant economic downturn or stagflation is high, given the economy’s dependency on easy money.

“The economy needs easy money. It needs a lot of debt. It needs a lot of money printing. That’s what runs it. It’s the gasoline that runs this economy,” Maharrey states, warning of the impending economic challenges.

The Importance of Gold as an Inflation Hedge

The Importance of Gold as an Inflation Hedge

In light of these economic challenges, Maharrey recommends considering gold as an inflation hedge. He argues that gold has historically performed well during inflationary periods, citing a 33% increase in gold prices since June 2021, compared to a 12.3% increase in the Consumer Price Index (CPI).

Conclusion

Maharrey concludes by encouraging listeners to prepare for potential economic turbulence by investing in precious metals. He underscores the importance of having an insurance policy in place before a crisis hits. For more detailed insights and to stay updated on the latest economic news, Maharrey directs listeners to Money Metals Exchange.

“Now is a great time to call Money Metals, talk to a precious metal specialist… You want to have your insurance policy, your hedge, before the crisis breaks out,” Maharrey advises.

By focusing on these critical yet often overlooked aspects of the economy, Maharrey provides valuable insights that go beyond the headlines, helping investors make more informed decisions in a volatile market.

Call to Action

For more in-depth analysis and updates on the precious metals market, visit Money Metals Exchange. You can also call the customer service phone number at 1-800-800-1865.

To receive the latest news and commentary directly in your inbox, sign up for their email list. Additionally, subscribe to the Midweek Memo podcast on your favorite platform to stay informed about market trends and economic insights.

WATCH: Video from Trump’s Vantage Shows Someone on Roof before Shooting Started

Ken Silva
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WATCH: Video from Trump’s Vantage Shows Someone on Roof before Shooting Started

(Ken Silva, Headline USA) Fox News published previously unseen footage Wednesday, showing someone on the same rooftop used by Thomas Crooks to shoot at presidential frontrunner Donald Trump minutes later.

“A video from James Copenhaver, one of the victims critically wounded in the July 13 assassination attempt against former President Trump, shows a figure moving across the roof of the American Glass Research (AGR) building just minutes before gunfire rang out at Trump’s rally in Butler, Pennsylvania,” Fox reported.

“In the video taken at 6:08 p.m. on July 13, the person appears on the roof of the building adjacent to where Trump is speaking and can be seen walking from the 1:00 second mark to about the 2:50 second mark.”

The person seen in the footage was presumably Crooks. Either way, the footage adds to the mystery of how the Secret Service could possibly have missed the would-be assassin before he opened fire from the AGR building about 110 yards away from Trump. As previously published footage shows, there were numerous rallygoers who saw Crooks on the rooftop. Those attendees shouted that Crooks had a gun shortly before he opened fire.

Copenhaver’s footage was released about a day after another rallygoer released footage showing that panicked local police officers had Crooks surrounded while Donald Trump was on stage speaking—and seconds before Crooks opened fire.

“There’s somebody in this building,” said the person who shot that footage, who identified himself as Dave Stewart.

Stewart was right. One of the local, Beaver County counter snipers who spotted Crooks left his second-floor perch to move through the first floor of the building to shadow Crooks, who was outside, and keep eyes on him. But the sniper, Greg Nicol, reportedly lost sight of Crooks as the counter sniper made his way down to the building’s first level.

Seconds later, shots rang out. Trump was shot in the ear, a firefighter was killed, and at least two others were hospitalized with severe injuries—including Copenhaver.

Meanwhile, Copenhaver was reportedly discharged from Allegheny General Hospital on July 26 and is still recovering in a rehabilitation center. Fox reported that the first injury Copenhaver sustained was to his arm and the second was to his abdominal area.

Ken Silva is a staff writer at Headline USA. Follow him at twitter.com/jd_cashless.

Secret Service Whistleblower Warns Agency Isn’t Ready for Next Assassination Attempt

Ken Silva
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Secret Service Whistleblower Warns Agency Isn’t Ready for Next Assassination Attempt

(Ken Silva, Headline USA) In the wake of the July 13 Trump shooting, a Secret Service counter sniper reportedly sent an email Monday night to many of his colleagues, warning that the agency isn’t prepared for the next assassination attempt against a high-level U.S. public official.

“This agency NEEDS to change,” the sniper wrote in the email, obtained by RealClearPolitics reporter Susan Crabtree. “If not now, WHEN? “The NEXT assassination in 30 days?”

The whistleblower accused senior Secret Service officials of focusing on “CYA”—cover your ass—instead of making necessary changes.

“The team I was once proud to be a part of, is something I have to somehow hide as I move into my next career,” he added. “Who wants to hire a USSS CS guy who failed? That’s the public perception I’m not faced with. The USSS CS team is a stain I will never be able to cleanse.”

The unnamed counter sniper’s email was apparently sent about 12 hours before Tuesday’s Senate hearing with new Secret Service Acting Director Ronald Rowe. According to reporter Crabtree, the Secret Service deleted the email from its servers shortly after it was sent.

Sen. Marsha Blackburn, R-Tenn., asked Rowe about the matter at Tuesday’s hearing.

At first Rowe told Blackburn he was “hurt by that email. but not in the way you think I’m saying. I’m hurt because my people are hurting right now.”

That prompted Blackburn to ask why the Secret Service deleted the email. Rowe professed ignorance about that.

“I’ll look, I’ll get back to you on that [question of why the] agency deleted the email. May I address your question, and I will get back to you as to whether the email was deleted or not,” he said.

“My agency is hurting. Emotions are raw. I actually want to hear more from that [Uniform Division] officer, that technician in his email, he referenced that he had spent time serving our nation as a United States Marine, that he is a 20-year professional of the Secret Service.”

While Rowe promised Blackburn he would be a “change agent” within the Secret Service, his answers to other questions indicated otherwise. For instance, he refused to assign any blame to Trump’s July 13 Secret Service detail for almost getting the presidential frontrunner killed.

“I’ll tell you senator that I will not rush to judgment that people will be held accountable—and I will do so with integrity and not to rush to judgment and people unfairly persecuted,” he added.

Sen. Josh Hawley, R-Mo., seemingly stunned by Rowe’s defiant response, retorted, “Unfairly prosecuted? You’ve got people who are dead!”

Republican lawmakers have vowed that they’ll continue to press the Secret Service to make substantial changes, and that they’ll continue probing the Trump assassination attempt.

Ken Silva is a staff writer at Headline USA. Follow him at twitter.com/jd_cashless.

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